SM Energy Co Unusual Bearish Options Activity Means Higher Risks

 SM Energy Co Unusual Bearish Options Activity Means Higher Risks

In today’s session SM Energy Co (SM) recorded an unusually high (5,403) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious SM decrease. With 5,403 contracts traded and 55004 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: SM170120P00030000 closed last at: $2.75 or 27.9% up. About 1.17M shares traded hands. SM Energy Co (NYSE:SM) has risen 79.27% since April 4, 2016 and is uptrending. It has outperformed by 78.18% the S&P500.

SM Energy Co (NYSE:SM) Ratings Coverage

Out of 18 analysts covering SM Energy (NYSE:SM), 11 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 61% are positive. $59 is the highest target while $14 is the lowest. The $32.08 average target is 2.62% above today’s ($31.26) stock price. SM Energy has been the topic of 43 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained SM Energy Co (NYSE:SM) on Tuesday, June 14 with “Hold” rating. The stock has “Buy” rating given by Topeka Capital Markets on Wednesday, February 24. The stock has “Market Perform” rating given by BMO Capital Markets on Wednesday, November 18. The stock of SM Energy Co (NYSE:SM) earned “Overweight” rating by KeyBanc Capital Markets on Wednesday, August 10. Barclays Capital maintained the stock with “Overweight” rating in Thursday, August 4 report. The firm earned “Hold” rating on Wednesday, August 10 by Deutsche Bank. As per Tuesday, January 19, the company rating was upgraded by CapitalOne. The firm has “Neutral” rating by JP Morgan given on Tuesday, March 15. Raymond James upgraded the stock to “Outperform” rating in Wednesday, July 29 report. The rating was upgraded by Guggenheim to “Buy” on Monday, November 2.

According to Zacks Investment Research, “SM Energy Company, formerly known as St. Mary Land & Exploration Company, is an independent energy company engaged in the exploration, exploitation, development, acquisition, and production of natural gas and crude oil. The Company operates in the areas: Mid-Continent, Rocky Mountains, ArkLaTex, Permian Basin, and Gulf Coast regions which are operated out of its offices in Tulsa, Oklahoma; Billings, Montana; Shreveport, Louisiana; Midland, Texas; and Houston, Texas, respectively. SM Energy Company is based in Denver, Colorado.”

Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 0.09, from 1.01 in 2016Q1. The ratio worsened, as 25 funds sold all SM Energy Co shares owned while 80 reduced positions. 32 funds bought stakes while 65 increased positions. They now own 71.53 million shares or 13.24% less from 82.45 million shares in 2016Q1.
Quantbot Techs Limited Partnership accumulated 33,759 shares or 0.1% of the stock. D E Shaw And Com reported 891,430 shares or 0.04% of all its holdings. Ent Fincl Services has invested 0% of its portfolio in SM Energy Co (NYSE:SM). Moreover, Nikko Asset Mngmt Americas Incorporated has 0.46% invested in SM Energy Co (NYSE:SM) for 172,907 shares. Cap Fund Mgmt last reported 0.01% of its portfolio in the stock. Cushing Asset Mngmt Limited Partnership has invested 0.02% of its portfolio in SM Energy Co (NYSE:SM). The New Jersey-based Prudential Fincl has invested 0.05% in SM Energy Co (NYSE:SM). Manufacturers Life The owns 91,902 shares or 0% of their US portfolio. Allianz Asset Management Ag holds 0.01% or 656,323 shares in its portfolio. Crawford Counsel has 0.03% invested in the company for 29,300 shares. Guggenheim Ltd Llc, a Illinois-based fund reported 114,900 shares. Bessemer Gru Inc has 0.03% invested in the company for 234,633 shares. Bridgeway Capital Management accumulated 34,000 shares or 0.01% of the stock. Peak6 Investments Limited Partnership, a Illinois-based fund reported 2,696 shares. Bluecrest Capital Management accumulated 47,189 shares or 0.05% of the stock.

Insider Transactions: Since September 29, 2016, the stock had 0 insider purchases, and 1 insider sale for $26,440 net activity. Knott Kenneth J. had sold 661 shares worth $26,440.

SM Energy Company is an independent energy company. The company has a market cap of $2.55 billion. The Firm is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It currently has negative earnings. The Firm operates in the exploration and production segment of the gas and oil industry within the United States.

SM Company Profile

SM Energy Company, incorporated on January 23, 1915, is an independent energy company. The Firm is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Firm operates in the exploration and production segment of the gas and oil industry within the United States. The Company’s activities are concentrated in onshore operating areas in the United States: South Texas & Gulf Coast Region, Rocky Mountain Region and Permian Region. The Firm has working interests in approximately 1,460 gross (approximately 870 net) productive oil wells and approximately 1,770 gross (approximately 650 net) productive gas wells.

More news for SM Energy Co (NYSE:SM) were recently published by: Forbes.com, which released: “Permian Mania Continues With SM Energy’s Purchase Of Properties From QStar For …” on October 18, 2016. Law360.com‘s article titled: “SM Energy Picks Up West Texas Acreage In $1.6B Deal” and published on October 18, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment